Trading was thin on Thursday with the approaching holidays with Nigerian crude still in overhang while some programmes were slow to emerge due to strikes at ExxonMobil’s fields.
ANGOLA
* Chevron sold its Feb. 11-12 cargo of Cabinda but buyer details did not emerge. The deal was done at a discount to dated Brent, one trader said.
*Around six cargoes were still available from the January Angolan programme while just a handful of February cargoes have traded.
NIGERIA
* There was still no sign of the Qua Iboe, Erha, Yoho or Usan programmes for February. ExxonMobil operates those fields and production became affected by strike action over the staff sackings earlier this year.
* The union agreed to end the strike on Wednesday.
* Unipec sold a cargo of end January Escravos but buyer and price details did not emerge.
* Around 25 January loading cargoes were still available.
TENDERS
* The results of Indian BPCL’s tender for February loading cargoes are expected to be released on Friday.
* Perenco awarded a tender for an early February loading cargo of Kole. One trading source said Portugal’s Galp was the winner but this could not be confirmed.
